All articles by Clare Ruel – Page 34
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News
Markerstudy-owned firm aiming to ‘transform’ commercial fleet safety with AI proposition
The technology could cut claims costs by £2,000 per detected claim
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Backchat January-February 2023
The Riddler, coffee houses and wellbeing initiatives. What has the insurance industry been up to of late? You heard it here first…
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Insurtech funding sees 57% dip in Q4 2022 – Gallagher Re
The UK was listed as one of seven countries for top insurtech investment in 2022 which was $200m (£162.6m) for this country
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Broker communications should be ‘carefully recorded’ following Emiliano Sala claim
Brokers should ensure all communications are recorded ’to eliminate evidential uncertainty should a dispute arise’, says partner
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Motor premiums up by 8% in Q4 2022 – ABI
Around 40% of all work is now being impacted by delays in car parts
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Biba submits request to HM Treasury ahead of Spring Budget 2023
The trade body has flagged key topic areas for the government, such as flooding, apprenticeships and the Financial Services and Markets Bill
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Cyber attack hits 10m JD Sports customers
The sportswear retailer can expect fines in the realm of £17.5m or 4% of annual turnover, says law firm partner
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News Analysis
Briefing: Could mass tech firm layoffs trigger ripple effect for insurtechs?
As more technology giants announce mass staff layoffs, could the insurtech sector see a similar trajectory?
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Zurich UK set to offer 100 new apprenticeships in 2023
The insurer is also investing in upskilling its existing workforce to help futureproof its business, it said in a statement
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Vulnerable customers less likely to shop around for home and motor cover – Consumer Intelligence
Almost half (42%) of home insurance customers were revealed to be potentially vulnerable
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Head of defendant services leaves Carpenters Group for ‘new adventure’
The exiting head will be returning to DAC Beachcroft, where she began her career
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News Analysis
TechTalk: Are insurtech staff layoffs the ‘quick and easy way out’ of post-pandemic capital conundrums?
While 2021 was filled with the creation of insurtech unicorns, 2022 saw sector-wide staff layoffs - and there could be more to come as inflation and the cost of living crisis continues to grip the market
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Tech Nation set to close its doors after a decade as funding pulled
The government has hopes for the UK to be a ’science and technology superpower’ over the next decade taking on Silicon Valley
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Former LV= chief executive set to replace retiring chair at Admiral Group
Admiral Group’s chief executive thanked the retiring chair for her support as she welcomed the incoming candidate
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LMA Member Manifesto sets agenda for 2023
The LMA hopes to engage with and deliver the Future at Lloyd’s programme and support regulatory change
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Hiscox joins forces with insurance software specialist
Hiscox’s director of operations for London market says the firm hopes to embrace the ’various digitalisation opportunities coming out of Blueprint Two’
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Waggel and vet tech firm join forces
The vet tech firm originally launched its app due to rising vet care costs, Waggel’s customers will now have access to it
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Davies purchases specialist US-based insurance consulting firm
’It’s become essential for insurers who want to remain relevant and compete to invest in digital transformation’, says group chief executive
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Inaugural Isle of Man Insurtech Accelerator Program concludes
The chief minister of the Isle of Man and independent minister of the House of Keys, as well as the senior director and insurtech innovation leader at Willis Towers Watson, were in attendance at the demonstration day
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News Analysis
‘Insurers will have to rely on brokers’ if post-Brexit tax changes come to fruition
Brokers could see changes to their admin workload and trading operations as a result of Brexit